The University of Connecticut men's basketball program showed a profit of just under $6.3 million in the 2008 fiscal year, according to a legislative report. The program earned $14.07 million in revenue during the year and had $7.8 million in expenses, according to the report compiled last month by the state Office of Legislative Research.

John Calipari is trading the blues of Memphis' Beale Street for the Bluegrass of Kentucky. Calipari is expected to be named the new basketball coach at the University of Kentucky today. ESPN reported that Calipari confirmed in a text message to the network that he would replace the fired Billy Gillispie.

A day after he was fired as the University of Kentucky basketball coach, Billy Gillispie said today he has "no regrets" and harbors "no ill will" toward UK. "I'm not a woe-is-me person," Gillispie said. "I'm the luckiest guy that's ever lived. There's never been anyone more lucky than me, more blessed than me. There just hasn't."